Dominion Energy Inc (NYSE:D) Stake Increased by Welch & Forbes LLC

Welch & Forbes LLC grew its holdings in Dominion Energy Inc (NYSE:D) by 39.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,284 shares of the utilities provider’s stock after purchasing an additional 1,500 shares during the period. Welch & Forbes LLC’s holdings in Dominion Energy were worth $409,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in D. Interactive Financial Advisors purchased a new stake in shares of Dominion Energy during the first quarter worth $26,000. Massey Quick Simon & CO. LLC acquired a new position in Dominion Energy during the first quarter worth $27,000. Mark Sheptoff Financial Planning LLC increased its position in Dominion Energy by 133.3% during the first quarter. Mark Sheptoff Financial Planning LLC now owns 350 shares of the utilities provider’s stock worth $27,000 after buying an additional 200 shares during the last quarter. Rocky Mountain Advisers LLC acquired a new position in Dominion Energy during the first quarter worth $31,000. Finally, Lenox Wealth Management Inc. increased its position in Dominion Energy by 294.1% during the first quarter. Lenox Wealth Management Inc. now owns 402 shares of the utilities provider’s stock worth $31,000 after buying an additional 300 shares during the last quarter. Institutional investors own 63.83% of the company’s stock.

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D traded up $1.05 during midday trading on Friday, reaching $76.96. 55,055 shares of the company’s stock were exchanged, compared to its average volume of 2,876,021. The company has a market cap of $60.20 billion, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 3.75 and a beta of 0.27. The company has a quick ratio of 0.44, a current ratio of 0.61 and a debt-to-equity ratio of 1.35. Dominion Energy Inc has a one year low of $67.41 and a one year high of $79.47. The company’s 50-day moving average is $76.96.

Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Dominion Energy had a net margin of 9.19% and a return on equity of 12.35%. The company had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. Dominion Energy’s quarterly revenue was up 28.6% compared to the same quarter last year. Analysts predict that Dominion Energy Inc will post 4.15 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a $0.9175 dividend. This represents a $3.67 annualized dividend and a yield of 4.77%. The ex-dividend date is Thursday, September 5th. Dominion Energy’s dividend payout ratio (DPR) is presently 90.62%.

D has been the topic of several analyst reports. Credit Suisse Group raised shares of Dominion Energy from a “neutral” rating to an “outperform” rating in a research report on Thursday. TheStreet downgraded shares of Dominion Energy from a “b” rating to a “c+” rating in a research report on Friday, May 3rd. Wolfe Research raised shares of Dominion Energy from a “peer perform” rating to an “outperform” rating in a research report on Thursday. Bank of America raised shares of Dominion Energy from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $79.00 to $80.00 in a research report on Thursday, June 13th. They noted that the move was a valuation call. Finally, ValuEngine downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $78.91.

Dominion Energy Profile

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.